The 306,448-square-foot facility at 5959 West Howard St. was originally constructed in 2015 as a build-to-suit for FedEx Ground, the net-leased property supports distribution in the surrounding markets and features 101 dock high doors on a 39.81-acre site.

Newport Lofts is the first live/work loft project in the market for more than 10 years, but it is the first of many to come.

UDR, Inc., Essex Property Trust and Starwood Capital were among the investors to invest in the automation company's Series B funding round.

Legal counsel can assist with assembling smaller parcels for a larger project, creating contracts to build complicated developments or negotiating knotty leases for tenants to occupy multi-use properties.